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Morningstar

Holbrook Income Investor HOBEX

Morningstar Medalist Rating
Medalist Rating as of | See Holbrook Holdings Investment Hub
  • NAV / 1-Day Return 9.81  /  +0.14 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.630%
  • Expense Ratio 1.630%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.51%
  • Effective Duration —

USD | NAV as of May 14, 2024 | 1-Day Return as of May 14, 2024, 12:23 AM GMT+0

Morningstar’s Analysis HOBEX

Will HOBEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HOBEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HOBEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HOBEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Holbrook Income Investor boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings HOBEX

More HOBEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

3.52 53.2 Mil
Cash and Equivalents

B. Riley Financial Inc 0%

2.98 45.0 Mil
Corporate

United States Treasury Notes 0.125%

2.87 43.3 Mil
Government

United States Treasury Bonds 2.375%

2.83 42.7 Mil
Government

United States Treasury Notes 0.375%

2.71 40.9 Mil
Government

B. Riley Financial Inc 0%

2.37 35.8 Mil
Corporate

Charah Solutions Inc 0%

2.29 34.6 Mil
Corporate

Gladstone Capital Corporation 5.125%

2.14 32.3 Mil
Corporate

Babcock & Wilcox Enterprises Inc. 0%

2.08 31.4 Mil
Corporate

Pennantpark Floating Rate Capital Limited 4.25%

2.02 30.4 Mil
Corporate